How will the 2026 IHT changes impact business owners?
The Autumn Budget 2024 saw some significant changes being made that will likely impact many business owners when they come into force in 2026. With April 2026 fast approaching the Clayton & Brewill team share some insights into these upcoming changes and how business owners should prepare for them. Key changes from April 2026 From […]
10 takeaways from the Autumn Budget 2025
Chancellor Rachel Reeves delivered the Autumn Budget 2025 amid controversy after an early OBR leak. From capital allowances to NI threshold freezes, Nottingham chartered accountants Clayton & Brewill highlights the measures most likely to affect businesses, as well as other important changes worth noting. Business measures 1. Business rates and commercial property The government announced […]
“No need to file a tax return” is not the same as “no tax bill”
Earlier this year the government announced that up to 300,000 people would no longer need to file a tax return, a particularly welcome piece of news for anyone with a side hustle. However, this is not the same as there being no tax to pay on the money received, as the Clayton & Brewill team […]
Compulsory purchase orders: potential issues for rural landowners
Compulsory purchase orders (CPOs) are an increasingly important topic for landowners and those who receive compensation need to be aware of the potential tax issues they could face. In this blog, the Clayton & Brewill team discuss key issues associated with CPOs as well as the potential available tax reliefs on compensation payments. What is […]
Changes to the Self Assessment tax return
The information required on the Self Assessment tax return has changed for some taxpayers from 6 April 2025. This will impact tax returns for the 2025/26 year as well as all future years. Who does this change impact? The update to the Self Assessment tax return impacts taxpayers who begin or end self-employment, and directors […]
Payrolling benefits in kind: now mandatory from 2027
Compulsory payrolling of benefits in kind (BiK) will now be mandatory from April 2027 rather than April 2026. This will provide businesses more time to prepare for this change. The Clayton & Brewill team explain this updated timeline and how it could affect your business in the blog below. Upcoming changes From an employer’s perspective, […]
Umbrella companies: new rules to improve compliance
Umbrella companies that don’t comply with their tax obligations have been an issue for the government for years, and so HMRC is introducing new rules to improve tax compliance from April 2026. These rules will help to prevent fraudulent umbrella companies from landing workers with large, unexpected bills due to their non-compliance. In our latest […]
Off-payroll working: changes to company size thresholds
The government is changing the thresholds that determine company size, and this will have a knock-on effect for off-payroll and IR35 rules too. Clayton & Brewill explains more in the blog below. What are the new thresholds? The new rules alter the thresholds set out in the Companies Act 2006 and have been in place […]
Recent updates to R&D claims
In response to high levels of error and fraud, the Research and Development (R&D) tax relief scheme has been significantly reshaped since 2023, with HMRC risk assessments now being much sharper. In our latest blog, the Clayton & Brewill team discuss what’s new in R&D tax claims and how errors will be dealt with moving […]
July 2025 newsletter: the latest updates from Clayton & Brewill
Clayton & Brewill’s July 2025 newsletter is now available to view online. Summer is well and truly here and holiday season is upon us! We’ve been busy as always at Clayton & Brewill and are looking forward to making the most of the warm weather and long evenings before Autumn is here. In our latest […]